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WHAT WE’RE TRACKING TONIGHT

Suez Canal transits expected to pick up in early 2026

Good afternoon, folks. It’s almost the weekend, but things are heating up in the press, as yesterday’s reprieve in the news cycle has proved to be a brief one.

THE BIG STORY TODAY-

? Suez Canal transits are expected to pick up in early 2026, on the back of easing regional tensions and a positive regional growth forecast from the IMF, Chamber of Commerce’ International Transport and Logistics Division Secretary General Amr Al Samdoni told EnterpriseAM. Shipping lines have been encouraged by the Israel-Hamas ceasefire agreement and are “developing quarterly plans,” on the premise that the war and Houthi attacks cease completely, he added. The ease in tension will force shipping players to return to the shipping channel, Al Samdoni predicts, in a method of speeding up supply chains and the arrival of goods.

But shipping lines will still wait for “at least three months of stability and security in the waterway” before making concrete plans to return, Al Samdoni said. Lines are still cautious about returning to the Suez Canal and are waiting for “all safety measures to be in place,” a shipping agency source told EnterpriseAM.

The expected return of traffic to the Suez Canal would be welcome news for the country’s FX reserves and overall revenues, as well as contributing to an easing of global inflation, Al Samdoni told us. Transfers through the Suez Canal would ease global shipping costs and time, as it “guarantees a transit of 28 to 30 days for shipments, while vessels used to take between 60 to 70 days when traveling via the Cape of Good Hope.”

REMEMBER- Suez Canal receipts fell 45.5% y-o-y to USD 3.6 bn during the previous fiscal year, with net tonnage down 55.1% and vessel transits falling 38.5% amid Red Sea disruptions.


The EnterpriseAM Forum is over. The insights are just getting started.

This year's forum was packed with actionable intelligence on the future of Egyptian business. To make sure you don't miss a thing, we're launching the EnterpriseAM Forum Playback.

Each week, you'll receive a special newsletter breaking down one key session — from the future of work to getting capital markets off life support. We'll also drop a companion podcast in our EnterpriseAM Egypt podcast feed so you can listen on the go.

Look out for a new deep-dive landing in your inbox and podcast feed every Thursday.


THE BIG STORY ABROAD-

? It’s a busy afternoon in the global press, with all eyes on Gaza as an already-fragile ceasefire agreement begins to show signs of cracking. Following news that Israel would limit the volume of humanitarian aid going into Gaza to half on account of Hamas not returning some of the bodies of deceased hostages, the IDF claims that one of four bodies handed over last night did not belong to an Israeli, but rather a Palestinian individual. “Following the completion of examinations at the National Institute of Forensic Medicine, the fourth body handed over to Israel by Hamas does not match any of the hostages,” the IDF said.

Concerns are on the rise over the pace of returns, with residents in Gaza reportedly expressing worry that these latest developments may be used by the occupying force as an excuse to end the truce or deny aid, the Guardian reports. Remains of 21 hostages are believed to still be in Gaza, and returns may take weeks as they’re recovered from underneath the rubble, according to the International Committee of the Red Cross.

MEANWHILE- Palestinian men released from Israel’s Nafha prison report being brutally beaten, verbally abused, and tortured. “They also hung us on walls, sprayed us with cold air and water, and sometimes threw chilli powder on detainees,” recently released prisoner Mohammed Al Asaliya told the Guardian. (CNN | BBC | Reuters | Guardian)

ALSO- Following weeks of youth-led protests in Madagascar, an elite military unit announced that it has taken control over the country after impeached President Andry Rajoelina fled the country earlier this week. The military is set to form a government and hold elections within two years, Capsat Colonel Michael Randrianirina said. (BBC | Guardian)

☀️ TOMORROW’S WEATHER- It’s going to be another breezy day in the capital, with a high of 28°C and a low of 16°C, according to our favorite weather app.

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FOR YOUR COMMUTE

To lead or not to lead?

? The modern workplace has a leadership problem, but not the one you might expect… It’s not that we have a shortage of people willing to lead — it’s that we have far too many. Corporate culture has turned management into the default definition of success. If you’re talented and ambitious, the assumption is that you’ll eventually lead a team. If you’re happy to stay an individual contributor? That’s seen as settling, lacking drive, or hitting a ceiling.

But here’s what the data tells us: most people in leadership roles aren’t particularly good at it. Research by the American Psychological Association shows that up to 60% of all managers are rated as ineffective by the people they supervise. Even more telling, when employees are asked about what makes them unhappy at work, their direct manager tops the list more than any other factor. Gallup’s 2025 State of the Global Workplace report found that only 44% of managers globally have received any formal management training, and according to the Chartered Management Institute, 82% of UK managers were “accidental managers” lacking formal training (pdf).

The cost of bad leadership: The consequences of incompetent leadership extend far beyond could-have-been-an-email meetings and missed targets. Poor management directly impacts employee morale and turnover, with SHRM research (pdf) finding that 58% of employees who left a job because of poor company culture cited management as the main factor in that decision. Gallup found that managers are the single most influential factor in whether workers feel motivated and connected to their jobs. This costs the global economy USD 438 bn annually.

The gap between leadership aspiration and leadership capability is real — and it exists largely because we’re remarkably bad at judging whether we’re cut out for the job. Organizational psychologists have identified clear patterns that separate effective leaders from the rest. Asking whether you should be a leader isn’t just about your career trajectory — it’s about whether you’ll help or harm the people who would work with you. So how can you tell if you should pursue that promotion or accept a management role? Fast Company offers a framework of self-evaluation.

What’s really driving your ambition? Ask yourself honestly: do you want to lead to develop others and create something meaningful, or is it about status and control? Self-serving ambition creates toxic cultures — purpose-driven ambition builds them.

You need demonstrated competence in your field — not to be the smartest person in the room, but to have earned respect through your expertise. Just as importantly, can you adapt quickly to new information? The best leaders treat each mistake as a lesson rather than a pattern to repeat, and they stay intellectually hungry even as they gain experience.

Can you connect with and manage people? Technical brilliance won’t save you if you can’t read a room or build relationships. Research from the Center for Creative Leadership found that 75% of careers are derailed for reasons related to emotional competencies — the inability to handle interpersonal problems, navigate conflict, and build effective teams. Can you manage your own worst impulses under pressure? Can you communicate a vision that energizes people? Can you take feedback and actually change based on it?

Do you know your limits? Integrity means knowing what you don’t know, admitting mistakes, and surrounding yourself with people whose strengths complement your weaknesses. Without this, leadership becomes either corrupt or delusional.

When the answer is no: There should be no shame in leadership not being your path. Consider what happens when someone takes a leadership role they’re not suited for: recent data found that 40% of those polled said that their mental health took a nosedive after being promoted to a managerial or any other leadership role. Jenny Blake, once a team lead at Google, found that her job as an individual contributor was more impactful and fulfilling than as a manager.

Recognizing and accepting that doesn’t mean you lack ambition or talent, and it’s not just acceptable — it’s smart, self-aware, and increasingly valued. Organizations desperately need brilliant individual contributors who can dive deep into complex problems without the distraction of managing others. The specialists, experts, and people who prefer to create rather than coordinate — they’re not just essential, they’re more valuable than people who are in a position where they are miserable and ineffective.

The rise of the technical track: Forward-thinking companies are increasingly recognizing this reality. Many now offer parallel career tracks that allow technical specialists to advance in responsibility, influence, and compensation without ever managing a team. Despite the lack of supervisory responsibilities, these roles command respect and high salaries because of their specialized excellence.

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Under the Lamplight

The distance between mother and daughter

?What does it mean to live in fragments? In Palestinian-American novelist Etaf Rum’s 2023 novella Mother Country — part of Amazon’s Good Intentions Collection — the New York Times Bestselling author of A Woman is No Man and Evil Eye dissects a young Palestinian woman’s innermost thoughts and deepest secrets as she writes her mother one final letter. In under 50 pages, Rum delivers an emotional literary work that equals the works of Ocean Vuong, Fredrik Backman, and Elif Shafak.

“Being a woman is the greatest curse, you told me once.” Written in letter form, Mother Country follows an unnamed narrator as she addresses her now-estranged mother. The two women have grown apart over the years, separated by both physical and emotional distance. The novella begins with the narrator preparing to travel to reunite with her mother, reminiscing and unpacking decades of generational trauma caused by her family’s departure from the motherland. She reflects on her tumultuous relationship with her mother, who she spent most of her life trying to please.

“My hope was always to come back to you, my mother country.” The novella’s title, inspired by Dalida’s 1979 classic hit Helwa Ya Baladi, encapsulates its essence. This is a story of regret, yearning, and a nostalgia for what never was. How does one envisage a future when haunted by the past? What is the price paid for what goes unsaid? These are the questions posed by the author, and attempted to be answered by the narrator.

While the novella in its entirety is undeniably gripping, it’s the final chapter that delivers the real emotional blow, prompting the reader to turn back to page one and begin the experience all over again from an entirely different perspective. Rum writes with unapologetic determination, and while the prose is far from floral or descriptive, it is raw and honest, inviting the reader to take part in what feels like private correspondence never meant to be read. Despite having received wide acclaim for her two full-length novels, we’d argue Mother Country is Rum’s crowning achievement.

WHERE TO FIND IT- You can find Mother Country as an ebook and audiobook on Amazon — and if you’re a Kindle Unlimited member, you can read it at no cost.

This publication is proudly sponsored by

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Sports

Morocco and France go head to head in U-20 World Cup semifinal

The cubs seek revenge for the Atlas Lions. Morocco’s national team will be locking horns with France in the U-20 World Cup semifinal, repeating the fixture that saw the primary teams in the 2022 Qatar World Cup — one that the Atlas Lions lost 2-0. Tonight at 11pm, the cubs will have the chance to redeem their predecessors.

Morocco carved their path to the semifinals with thrilling victories besting the likes of Spain and Brazil in the group stages, before defeating South Korea and then the US in the knockout rounds.

The other semifinal will be an all-Latin affair between Argentina and Colombia, kicking off at 2am late tonight.

Good news: The international break will be wrapping up soon, with the Egyptian league and Europe’s major league competitions expected to be back up and running this Friday.

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OUT AND ABOUT

Cairo’s Art District returns

MARK YOUR CALENDAR-

? Calling all art enthusiasts: Cairo International Art District is back. Art D’Égypte’s special production brings a diverse lineup of artists across restored heritage venues in Downtown Cairo. CIAD is open access to the public at Kodak Passageway until Sunday, 2 November and at the Shourbagy Building until Sunday, 16 November, with only Mondays off.

HAPPENING THIS WEEK-

The Downtown Contemporary Arts Festival is back and running until Sunday, 26 October, bringing Cairo to the forefront through a series of performances, panel discussions, and workshops. Don’t miss out on the unique Tim Etchells-directed performance L’Addition with duo Bert and Nasi showing tonight and on Thursday, 16 October at Rawabet Art Space. Book your spot on Ticketsmarché.

Attention Cairo runners: Early bird registration is now open for Cairo Marathon2026, happening on 6 February, 2026. Claim your spot through Cairo Runners’ website before early bird registration closes tonight, or grab regular tickets available until 30 January, 2026.

Up for some classic drama? The iconic musical Oliver is taking the stage for the first time in Egypt at Theatro Arkan from Thursday, 16 October to Saturday, 18 October. Enjoy the Dickens-inspired musical production by Fabrica. You can book your spot on Ticketsmarché.

Honor the 50th anniversary of Umm Kulthum’s passing with a musical produced by El Adl Group Studios at The Theater. Experience the legend’s life story through this special musical showing on Thursday, 16 October and Friday, 17 October. Tickets are available on Ticketsmarché.

HAPPENING LATER-

Gear up for a night of laughter at Theatro Arkan with Ali Quandil’s Accept Laugh Interact this Friday, 24 October. Join in on the interactive comedy experience and get your tickets on Ticketsmarché.

Run for a cause: Join Cairo Runners and Bupa Egypt for Breast Cancer Run on Friday, 24 October at District 5. Be part of breast cancer awareness month and support the spirit of resilient women all over the world. Registration is required at no cost — claim your spot here.

Grammy-nominee Ibrahim Maalouf is coming to Egypt as part of his tribute tour, marking the 10th anniversary of his acclaimed album Kalthoum. Catch the Lebanese producer and trumpeter this winter at New Capital’s Concert Hall as he honors the late legend Umm Kulthum on Saturday, 20 December. You can get your tickets now on Ticketsmarché.

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GO WITH THE FLOW

What the markets are doing on 15 October 2025

The EGX30 rose 0.5% at today’s close on turnover of EGP 5.1 bn (13.3% above the 90-day average). Regional investors were the sole net buyers. The index is up 26.6% YTD.

In the green: Misr Cement (+2.7%), Oriental Weavers (+2.0%), and Orascom Construction (+1.8%).

In the red: Egypt Aluminum (-1.7%), Ibnsina Pharma (-1.2%), and Qalaa Holdings (-1.1%).


?️ OCTOBER

1-26 October (Wednesday-Sunday): Downtown Contemporary Arts Festival.

12 October - 16 November (Sunday- Sunday): Cairo International Art District (CIAD) in Downtown Cairo.

15 October (Wednesday): Scorpions concert at New Capital.

15 October (Wednesday): Cairo Marathon early bird registration ends.

15-16 October (Wednesday-Thursday): L’Addition at Rawabet Art Space.

16-17 October (Thursday-Friday): Umm Kulthum Musical at The Theater.

17 October (Friday): The Manual at AUC Falaki Theater.

16-18 October (Thursday-Saturday): Oliver at Theatro Arkan.

16-24 October (Thursday-Friday): Gouna Film Festival.

24 October (Friday): Ali Quandil at Theatro Arkan.

24 October (Friday): Cairokee at El Malahy Arena.

24 October (Friday): The Glow Run, Palm Hills New Cairo.

24 October (Friday): Breast Cancer Run at District 5.

30 October - 7 November (Thursday-Friday): Cairo International Jazz Festival.

31 October (Friday): Daylight saving time ends.

NOVEMBER

11 November - 6 December (Tuesday - Saturday): Forever is Now at the Great Pyramids of Giza.

14-24 November (Friday-Monday): Art Decoratifs Exhibition by Art D’Egypté at the Egyptian Museum in Tahrir.

15 November (Saturday): The TriFactory’s El Gouna Half Marathon, El Gouna.

21-22 November (Friday-Saturday): Traverse Summit at Hydeout, Hyde Park.

21-29 November (Friday-Saturday): Cairo Design Week.

DECEMBER

13 December (Saturday): Marakez Pyramids Half Marathon by The TriFactory.

19 December (Friday): DJ Tiësto at the Giza Plateau.

20 December (Saturday): Ibrahim Maalouf at Concert Hall, New Capital.

JANUARY

30 January (Friday): Cairo Marathon normal registration ends.

FEBRUARY

6 February (Friday): Cairo Marathon at Heliopolis, Merryland Park.

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